Brief: CBAK Energy Announces Agreement To Buy Majority Stake In Zhejiang Meidu Hitrans
26/07/2021 15:17
July 26 (Reuters) - CBAK Energy Technology Inc CBAT.O :
* CBAK ENERGY ANNOUNCES FRAMEWORK AGREEMENT TO ACQUIRE
MAJORITY
STAKE IN ZHEJIANG MEIDU HITRANS
* CBAK ENERGY TECHNOLOGY INC - CBAK POWER WILL ACQUIRE
81.56% OF
EQUITY INTERESTS OF HITRANS
* CBAK ENERGY TECHNOLOGY INC - DEAL CONSIDERATION OF
APPROXIMATELY
RMB158.74 MILLION
Source text for Eikon: ID:nPn4NMnlCa
Further company coverage: CBAT.O
((Reuters.Briefs@thomsonreuters.com;))
Recent news on CBAK Energy Technology
See all newsBrief: CBAK Energy Signs Deal For 12 GWH Sodium-Ion Battery Project In Nanjing
Brief: CBAK Energy Signs Investment Agreement for 12 GWh Sodium-Ion Battery Project in Nanjing
CBAK Energy Q1 revenue jumps 99%, helped by capacity expansion, overseas LEV demand
Brief: Cbak Energy Technology Inc Q1 Consolidated Net Revenues Up 99.3% To $69.62 Million
China's CBAK Energy Q4 revenue jumps 132%, helped by LEV, raw materials